The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1887-05-11
New York Stock Market Characterized by .
Lack Of Energy.
Railroad Bonds Heavy-Mansy EsaY-SGer-
Ing Exchange Steady.
Government Bonds Dull State Bonds Steady
and Unchanged.
Local NIarkets-wheat In Good Demand
Corn Firm-Oats Steady and
Firm-Hay Quiet.

NEW YORK. May 9-MoneY on call easy at
as per cent; closed offered at per cent.
Prime Mercantile Psper-59S per cent.
Sterling Exchange-Dull but steady at 1851
for sixty-day bills and 49, for demand.
The tota. sales of stocks to-day were 1851
shares, including the following: Delaware,
LAckawanna and Western, 9,4OO; Louisville aud
Nashville, 500; Missouri Pacific, $3.50; North
western, 500; Reading, 1850; st. Paul, $500;
Western Union, 4,sSO.
The stock market to-day was dull and nearly
featureless. A variety of causes including the
nexplicable bank statement, the anxiety still
remaining in regard to the effects of the inter
state law and the election OF Stock Exchange OH
ers, which cccurre l day. coltribu ed to this
effect Fluctuations were unusually narrow,
even for duh day. London was moderate
buyer early in the day. The sensation CT the
day was furnished By drop OF something over
per cent. in Fort Worth and Denver,
only a small portion of which was re-
covered toward the close. The
break was caused by a sett ement with
the "shorts and the pool in the stock is believed
to have disbanded. Wheeling and Lake Erie
was also remarkably weak. reduction in
sterling exchange was an element. The open
ing was steady, first prices being either IN
changed or only insignificant fractions different
from Saturdays final figures There was
moderate business at the opening, but the mar
ket soon became extremely dull, with activity
only in Reading and New England, and the
Only movement OF Importance was the weak
ness IN Wheeling and Lake Erie. The general
market was about steady until noon, after
which time il became finn, although affected
somewhat by the drop in Fort Worth, which
occurred at that time. There was a steady
though light appreciation Of values toward the
close and the market closed dun but firm. The
majority Of stocks are small fractions higher this
evening. but Fort Worth and Denver is down
"a, Wheeling and Lake Erie q and Rock Islam
= per cent.
Railroad bonds were dull to-day, sales az
eating 81, Iss co., closing prices show irregu lar
changes. mostly for insignificant fractions
Erie seconds, extended, gained 21I, at 1161z;
Houston and Texas seconds gained 2, at 1O7;
Cairo, Arkansas and Texas frsts gained 3, to
116. Texas Pacific incomes, trust receipts lost
-, at G., and LaekaWanna eontrovertible, Z. 10
11314.
Government and State bonds were both duh
and steady to-day.
over Saturdays quotations We note a scarcity
OF stocks, and a good, active demand for all
grades. Offerings are nominal. Receipts con-
tinue on a very light scale, while nothing in
futures is noticeable. Immediate shipments
are not in any demand. Markets at other points
rule quiet and fairly steady.
Coma firm feeling prevails on all grades,
and under light receipts local prices are well
maintained. The visible supply shows a very
heavy decrease, being 3,O34o36 bushels since last
report Sellers tail 10 materiaiize even at high
prices. No shipping demand. Good requestfo
chOieesgrades for home use.
Oats-Msrket rules steady and firm at prices.
Small lots in fair demand for city use.
Rye-Steady.
Bran-Firm.
Hay-Quiet and unchanged. Receipts nom.
inal.
Flour. Grain and Hay.
YlouI-P&tents, 81 509I rs; extra fancy, "a 90
a. o.. fanny e 7la2 On. nhnina g a 3 90.